Magnum Hunter Resources Announces Refinancing of Revolving Credit Facility

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Go back to Magnum Hunter Resources Announces Refinancing of Revolving Credit Facility

Magnum Hunter Resources (MHR) Refinances Revolving Credit Facility

November 5, 2015 5:18 PM EST

Magnum Hunter Resources (NYSE: MHR) announced today that it has refinanced its existing senior secured revolving credit facility with certain banks and obtained additional liquidity through a new senior secured term loan. The refinancing and additional liquidity are being provided, in equal amounts, by holders of more than a majority of the Company's second lien term loan agreement, and holders of more than a majority of the Company's 9.75% Senior Notes due 2020. These new lenders have also agreed to forbear from the exercise of certain rights and remedies with respect to certain events of... More